Tender results of the re-opening of 3-year RMB HKSAR Institutional Government Bonds
The Hong Kong Monetary Authority (HKMA), as representative of the Hong
Kong Special Administrative Region Government (HKSAR Government),
announced that a tender of 3-year RMB institutional Government Bonds
through the re-opening of existing Government Bond (issue number
03GB2710002) under the Infrastructure Bond Programme was held today
(16 January).
A total of RMB1. 5 billion Government Bonds
were offered today. A total of RMB5. 991 billion tender applications
were received. The bid-to-cover ratio, i. e. the ratio of bonds
applied for to bonds issued, is 3. 99. The average price accepted is
99. 55, implying an annualised yield of 2. 312%.
Hong Kong
Monetary Authority 16 January 2025
HKSAR INSTITUTIONAL
GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB
HKSAR Institutional Government Bonds:-
Tender Date
:
16 January 2025
Issue Number
:
03GB2710002 (Re-open)
Stock Code
:
84574 (HKGB2. 13 2710-R)
Issue and Settlement Date
:
20 January 2025
Tenor
:
3
years
Maturity Date
:
28 October
2027
Coupon Rate
:
2. 13%
Amount
Applied
:
RMB5. 991 billion
Amount Allotted
:
RMB1. 5 billion
Bid-to-Cover Ratio*
:
3. 99
Average Price Accepted (Yield)
:
99. 55 (2. 312%)
Lowest Price Accepted
(Yield)
:
99. 46 (2. 346%)
Pro-rata Ratio
:
About 17%
Average Tender Price (Yield)
:
98. 59 (2. 677%)
* Calculated as the amount
of bonds applied for over the amount of bonds issued. Hong Kong
Monetary Authority 16 January 2025